Since Shanghai Hongda New Materials Co., Ltd. 002211) was investigated by the China Securities Regulatory Commission on suspicion of illegal information disclosure, the injured investors began to submit claim materials to the court with jurisdiction. The Shanghai Financial Court has already made a first-instance judgment on the claim, and the listed company is required to compensate investors for various losses totaling RMB22,96181 yuan.
The facts of the case date back to April 11, 2023, Hongda New Materials (002211) was found to have failed to disclose the actual controller and the 2019 annual report in accordance with the regulations, inflating revenue and profits; and the 2020 annual report inflated revenue, profits, and non-provision for goodwill impairment, inflated profits and other violations. The company and the relevant responsible persons were given warnings and fines of varying amounts. According to the court's judgment of first instance, the conditions for the claim in this case are: the injured investors who sold or still owned the ** Hongda New Materials (002211) between January 5, 2019 and July 14, 2021 and sold or still owned the ** after July 14, 2021.002211
Not long ago, Hongda New Materials (002211) released an announcement on the company's performance pre-loss in 2023. The announcement also mentioned that as of the end of the previous year, 29 investor claims had been received, with a total amount of 2,209,02826 yuan. At present, except for Zhang Zhiguo's case, which is in the second-instance procedure, the rest of the litigation cases have not yet been formalized.